I expect SOL to break the rising triangle.
Simple Explanation of a Rising Triangle :
A rising triangle is a technical pattern that suggests the possibility of a continued uptrend. It consists of a horizontal resistance line at the top and an upward-sloping support line. This means the price continues to form equal highs, while the lows gradually rise. 📈
When the price breaks above the horizontal resistance, it signals a potential strong price increase, providing a good buying opportunity. 💹
My targets for this trade are :
1) 242 🎯
2) 291 🎯
3 ) 350 🎯
The best entry point for a long position is after the daily candle closes above the horizontal resistance
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